Foreclosure Facts From Mortgage Bankers Association
Tuesday, November 24, 2009
Here are some recent numbers from the Mortgage Bankers Association.
1 in 7 loans are delinquent right now.
1 in 22 families in the US. are in the process of loosing their homes right now. (last year 1 in 34)
There will be 2.9 million foreclosure starts this year based upon these numbers.
This info comes from the Center for Responsible Lending. This is a great website that has information on credit cards, fees, lending and money matters.